Microchip Technology (MCHP) Tops Q2 EPS by 8c

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Go back to Microchip Technology (MCHP) Tops Q2 EPS by 8c

Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2019

November 7, 2018 4:15 PM EST

Record GAAP net sales of $1.433 billion, up 18.1% sequentially and up 41.5% from the year ago quarter.  Microchip was unable to provide GAAP net sales guidance.Record Non-GAAP net sales of $1.513 billion, up 24.4% sequentially and up 49.5% from the year ago quarter.  The midpoint of our guidance provided on August 9, 2018 was non-GAAP net sales of $1.512 billion.On a GAAP basis:  gross margin of 48.1%; operating income of $102.7 million; net income of $96.3 million; and EPS of $0.38 per diluted share.  Microchip was unable to provide GAAP guidance.On a non-GAAP basis:... More